natural gas

Slump Endures for Natural Gas Futures, Cash Prices Amid Strengthening Supply

Slump Endures for Natural Gas Futures, Cash Prices Amid Strengthening Supply

Natural gas futures on Friday concluded a fifth consecutive weekly decline, led lower by abating cooling demand, increasing production and mounting storage. The October Nymex gas futures contract settled at $6.828/MMBtu to close the week’s final session, down 26.1 cents day/day. November fell 20.1 cents to $6.992. At A Glance: Futures slip below $7 handle…

September 23, 2022
Column: Understanding CFE’s Growing Role in the North American Natural Gas Market

Column: Understanding CFE’s Growing Role in the North American Natural Gas Market

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. For a while now, CFE Internacional (CFEi), a company incorporated in 2016 in Delaware, has been among the 15 largest marketers of…

September 23, 2022
Driftwood LNG Loses Shell, Vitol Supply Agreements in Major Setback

Driftwood LNG Loses Shell, Vitol Supply Agreements in Major Setback

Tellurian Inc. said Friday that two sales and purchase agreements (SPA) underpinning its proposed Driftwood LNG terminal in Louisiana have been terminated, dealing another major blow to the project, which was already facing delays. In a regulatory filing with the Securities and Exchange Commission (SEC), Tellurian said an affiliate of Shell plc had terminated a…

September 23, 2022
Natural Gas Futures, Cash Prices Drop as Shoulder Season Arrives

Natural Gas Futures, Cash Prices Drop as Shoulder Season Arrives

Natural gas futures fell for the third time this week after the latest government inventory data showed the biggest boost to underground storage this year, reflecting waning demand and robust production. The October Nymex gas futures contract dropped 69.0 cents day/day and settled at $7.089/MMBtu. November fell 63.4 cents to $7.193. NGI’s Spot Gas National…

September 23, 2022
LNG Buyers Said Still Hunting for U.S. Volumes, but Project Costs, Complications Are Rising

LNG Buyers Said Still Hunting for U.S. Volumes, but Project Costs, Complications Are Rising

The market dynamics that have helped boost U.S. LNG export projects since the early spring are likely to continue, at least in part, but the next wave of terminal development will have added financing and inflationary hurdles, according to analysts with Poten & Partners. The Houston-based consultancy has been tracking a flurry of contracting and…

September 23, 2022
Permian Basin Boom Widening Waha Natural Gas Price Difference to Henry Hub

Permian Basin Boom Widening Waha Natural Gas Price Difference to Henry Hub

Natural gas prices at the Waha pricing point in West Texas continue to offer an attractive long-term option for offtakers, according to an analysis from the U.S. Energy Information Administration (EIA). Since late 2021, the difference “has been widening” between the natural gas price at Waha and the Henry Hub benchmark in Louisiana, researchers said.…

September 23, 2022
California Turned to Natural Gas as September Heat Wave Strained Grid

California Turned to Natural Gas as September Heat Wave Strained Grid

California leaned more heavily on natural gas-fired electricity during the extreme heat wave that blanketed the state earlier this month, according to the Energy Information Administration (EIA). Grid operator CAISO (aka California Independent System Operator) had to urge customers to cut back on electricity use during an extended stretch of sweltering temperatures in early September…

September 23, 2022
North American NatGas Futures on Downward Swing Despite Russian Military Mobilization – Mexico Spotlight

North American NatGas Futures on Downward Swing Despite Russian Military Mobilization – Mexico Spotlight

Natural gas prices again showed volatility this week as news of Russia potentially pouring more into the war effort warned of further disruptions to energy markets. After five sessions of losses, the October Nymex gas futures contract settled at $7.779/MMBtu on Wednesday, up 6.2 cents day/day. November gained 5.5 cents to $7.827. But then a…

September 22, 2022
Natural Gas Futures Rally Wednesday as Russia Ramps War Effort

Natural Gas Futures Rally Wednesday as Russia Ramps War Effort

Natural gas futures on Wednesday gained ground for the first time in five sessions as global supply doubts personified by Russia’s president and his threat of launching nuclear weapons overshadowed fading demand. At A Glance: BREAKING: U.S. EIA reports 103 Bcf injection into storage Putin makes nuclear threat Forecasts call for cooler weather The October…

September 22, 2022
North American Natural Gas Marketers Report Increased Volumes in 2Q2022 Amid Bullish Demand Outlook 

North American Natural Gas Marketers Report Increased Volumes in 2Q2022 Amid Bullish Demand Outlook 

Top North American natural gas marketers reported stronger overall sales volumes for the second quarter as production gathered momentum in response to strong consumption and prices. A multitude of enduring demand drivers could fuel momentum through this year and into next, marketers and traders say. The 24 gas marketers included in the latest NGI Top…

September 21, 2022
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